search newsletter login upgrade

Fooled by Eagerness: Delistings often spell the final nail in the coffin for tokens

by Matthew Yamamoto

July 8, 2019, 8:14PM EDT  ·  2 min read

Quick Take

  • Since April, Bittrex has delisted 41 tokens which have been selected on a case-by-case basis
  • The company states some general guidelines on the removal process, but does not publicly state the reason for delisting each project, causing investors to speculate
  • On average, the delisting announcement caused the price of these tokens to fall by 42% after 24 hours and 51% after a week

by Matthew Yamamoto

July 8, 2019, 8:14PM EDT  ·  2 min read

Delisting on Bittrex has been a death sentence for the tokens selected for the chopping block. Shortly after each announcement, token prices for nearly every project removed have dropped substantially.

Delistings have been a common trend among exchanges throughout the year. Binance, OKEx, Poloniex and others have purged their token listings in attempt to cut down on unnecessary risks for tokens that fail to bring in enough trading revenue.